s-mart contracts

Bull Infotech offers Smart Contract Development for both Public and Private Blockchains

What are Smart Contracts?

As the name implies, a smart contract is a contract that’s smart. Simply put, it’s a piece of computer code that deploys on its own, without the involvement of any third-parties, when a particular trigger is implemented. The beauty of smart contracts is that they run on top of blockchain networks.

Smart contract development can be carried out on various platforms like Ethereum, Hyperledger Fabric, NEO and more.

Streamline Business Operations with a Smart Contract

Why Smart Contracts?

Automatic

Smart contracts are triggered automatically, during a particular event.

Backup

More than one copy of the smart contract is stored at different nodes. Meaning, there’s no chance for it to be destroyed or lost.

Autonomy

Once deployed, smart contracts are independent, and are completely autonomous. They aren’t controlled by any user.

Trust

Smart contracts are tamper-proof. They are transparent and visible to all, thereby ensuring that it has the trust of all the parties involved.

Accurate

Smart contracts aren’t just fast and efficient but are also error-free. They don’t have any chances for manual errors.

Cost-Savings

Since there is no need for any third-party to be present, smart contracts present significant cost savings.

Where to Use Smart Contracts?

The future is a World of Smart Contracts. In a world driven by technology, and powered by innovation, smart contracts have a wide range of applications across industries. Here are some of the popular industries where smart contracts will grow in popularity: